Sobha board approves ₹1,000 Cr NCD issue, Q1 profit up 26%
SOBHA · price
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On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.4 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sobha board approved raising up to ₹1,000 Cr via non-convertible debentures on private placement in tranches; terms not yet finalized. Q1 FY27 standalone revenue rose 37% to ₹1,257.59 Cr; net profit up 26% at ₹58.04 Cr (EPS ₹5.43 vs ₹4.29). Consolidated net profit jumped to ₹50.85 Cr from ₹13.62 Cr YoY. Shareholders approved ₹6 per share final dividend. ED case on Gurugram land parcel worth ₹201.6 Cr continues.
NCD raise supports growth funding but adds leverage. Q1 shows strong revenue and profit growth, supporting positive near-term sentiment.